Gio#56
Well-Known Member
I believe Lennon got 650k I’m sure the directors fees will be disclosed soon as they were deferred due to COVID.If Bully Peter didnt take any pay off does that mean the £100Ks were all for Lemon?
I believe Lennon got 650k I’m sure the directors fees will be disclosed soon as they were deferred due to COVID.If Bully Peter didnt take any pay off does that mean the £100Ks were all for Lemon?
Not normal accounting to report sales in the period cash is received. Normal accounting would be to credit sales and debit debtors on balance sheet. When cash is received it is taken off debtors. Bookkeeping 101.Not normal to receive transfer fees in one amount, normally spread over 3 or 4 periods.
So would that mean their salaries and bonuses aren't included in their trading losses, as that would make their loss even bigger?I believe Lennon got 650k I’m sure the directors fees will be disclosed soon as they were deferred due to COVID.
I would guess it's furlough payments.I hope the other income £5 million is a government loan or covid allowance .... After all the fuss that was made about us using this facility "cause we/you are skint".
We we belittled by the Scottish media for taking advantage of a free loan. Be so good if they have taken more than us !
All teams in the Premiership last season except for Celtic took advantage of the loan facility, which paid out a combined total of £25.2 million
Be interested if that £5 million other income was in actual fact a loan septic telling porkies ?
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Ours will just be as bad but agree theirs isn’t reported SMSM like ours will be.
But I am not surprised.
But what we need to do nearly as good as they are doing is player trading and getting good transfer fees.
Is it normal? This is what I don't know.Yeah, had a look on Companies House.
Is that normal?
An agent fee gets invested back into a company that the player himself is a Director of?
I would guess it's furlough payments.
British taxpayers propping up an anti-British organisation that has £16m in its bank account.
Can't wait to see SkySports ticker-tape in November announcing which charity is getting their £10k donation so that they feel morally relieved from wearing or contributing to British forces charities.
FBS
I'm sure they turned it down because it couldn't be used to pay dividends or directorsI don’t believe they took the Covid loan as it comes with a series of stipulations.
Those letters that are made public to the stock exchange don’t mean jack shitThey got Tierney money all up front. That is what they reported to stock exchange anyway. Presumably that is the £24.2 million from previous years accounts.
You can be sure they did not get the 9m up front that was quoted in the media.You cannot determine what they did / didn’t get for Fri pong based on the figure quoted in their statement.
First thing that jumped out at me.
Frimpong £11.5m
Klimala £3.85m
El Hamed £1m
= £9.4m?????
Essentially they’re doing reasonably okay financially due to player sales then?
You can tell from general discussion that a lot of Rangers fans are totally against that model, but there’s simply no way around it for us. It’s got to happen and I expect to see sales even as early as January if the money is right.
Great digging mate send it to the policeThe frimpong transfer is one (of their many) that raises questions.
I done some digging a few months ago and his situation is intriguing to say the least.
So. Man city group sell celtic an asset for £342k on 02/09/2019. Celtic then sell on that asset 16 months later for £9.9m (a 2895% increase), with £3m going to Man city group. Despite said asset not demonstrating anywhere near that kind of value in a relatively poor league. The asset himself very likely paying himself agency fees etc. via a suspicious shell sports agency that looks to have been created especially for this very event. (I'm sure he came up with this all by himself ).
- Appointed a new agent before leaving celtic.
- A company only incorporated on 22/10/20 just months before his transfer to BL 27/01/21.
- A company with a client list of one. Himself. [https://www.prolificsportsgroup.co.uk/]
- A company owned entirely by a dutch national living in England with a single £1 share.
- He being the sole director. (Would love to see the list of employees) [https://find-and-update.company-information.service.gov.uk/company/12969029]
- Company registered office is a bog standard residential house in Manchester. (Can be looked up on google street view - hilarious).
- The owner of this 'sports management agency' with one client has one single other directorship in one other company. One set up just months previously to 'his' on 31/05/20. [https://find-and-update.company-information.service.gov.uk/company/13428680]
- That company, JF30 Ltd, is completely owned by none other than his one and only 'client', who holds all of the 100 £1 shares.
- Jeremie Frimpong and his 'agent' are the only two directors.
Now, far be it for me and my unqualified eye to suggest any wrong doing or illegality here. However, I think it's an interesting insight into the sort of business dealings going on over there and the type of deals being struck that have prevented them from sustaining some pretty serious financial losses over the past few years.
It's just as well this isn't a thread about ours then isn't it. Although I appreciate you'd maybe think otherwise the amount of pointing to ours instead of the topic at hand.I won't take any glee from Celtic's accounts as I'm pretty sure ours will be worse.
I'm not smart enough in this kind of thing to know but doesn't the agents do the negotiating? Meaning Frimpong set up his own transfer? Also, would the club/owners gain anything from this?The frimpong transfer is one (of their many) that raises questions.
I done some digging a few months ago and his situation is intriguing to say the least.
So. Man city group sell celtic an asset for £342k on 02/09/2019. Celtic then sell on that asset 16 months later for £9.9m (a 2895% increase), with £3m going to Man city group. Despite said asset not demonstrating anywhere near that kind of value in a relatively poor league. The asset himself very likely paying himself agency fees etc. via a suspicious shell sports agency that looks to have been created especially for this very event. (I'm sure he came up with this all by himself ).
- Appointed a new agent before leaving celtic.
- A company only incorporated on 22/10/20 just months before his transfer to BL 27/01/21.
- A company with a client list of one. Himself. [https://www.prolificsportsgroup.co.uk/]
- A company owned entirely by a dutch national living in England with a single £1 share.
- He being the sole director. (Would love to see the list of employees) [https://find-and-update.company-information.service.gov.uk/company/12969029]
- Company registered office is a bog standard residential house in Manchester. (Can be looked up on google street view - hilarious).
- The owner of this 'sports management agency' with one client has one single other directorship in one other company. One set up just months previously to 'his' on 31/05/20. [https://find-and-update.company-information.service.gov.uk/company/13428680]
- That company, JF30 Ltd, is completely owned by none other than his one and only 'client', who holds all of the 100 £1 shares.
- Jeremie Frimpong and his 'agent' are the only two directors.
Now, far be it for me and my unqualified eye to suggest any wrong doing or illegality here. However, I think it's an interesting insight into the sort of business dealings going on over there and the type of deals being struck that have prevented them from sustaining some pretty serious financial losses over the past few years.
A loan from the Government perhaps?
I know we took up the offer from the Scottish Government as did most other SPFL clubs although it was noted at the time that they didn't appear on the list?
Apparently they’re not any better at maths than they are at football
Fecking Timmy loving media hacks pulling transfer fees right out their ring piece as usual.
No bonuses for directors and also stating directors remuneration are 2 of the stipulations.I don’t believe they took the Covid loan as it comes with a series of stipulations.
Not seen one person intentionally do that.Some amount of rubbish in this thread, it’s a wee bit embarrassing at times seeing bears trying to make up shit about their accounts.
I don't think we can be 100% sure, but we can pretty confidently infer that it looks very unlikelyYou can be sure they did not get the 9m up front that was quoted in the media.
That's why they use gain as a marker is adds all fees credit or debit over server transfer windowsThat's incorrect. The total fee would be recognised as income, with the unpaid amount going into debtors.
and you wonder why ‘Dom’ jumped.
Desmond and Lawwell are just as close to illegality as White, Green and all the rest are.
What a tangled web.
It's FF, you're allowed to imagine anything you want about Cltc.Genuine question.
What is it that you’re seeing the accounts that is borderline illegal?
They can't lie to the stockmarket,they can try and put a brave face on it thoughTeams might be paying them up. They'll only count what they've received upto now but I still believe they've told a few porkies when it comes to what they report to have got for players.
Unless all the other players they sold last season went for less than £600k we can be 100% sure.I don't think we can be 100% sure, but we can pretty confidently infer that it looks very unlikely
Genuine question.
What is it that you’re seeing the accounts that is borderline illegal?
You may well be correct.I don’t believe they took the Covid loan as it comes with a series of stipulations.
You may well be correct.
However, the Loan recovery scheme and job retention scheme are different.
Based on the company I work for, our accounts were very similar in that our furlough payments were masked as 'Other Income' in the notes.
Granted I'm taking 2+2 and getting whatever number I want, but, when you try to hide things, normal people speculate!
FBS
You may well be correct.
However, the Loan recovery scheme and job retention scheme are different.
Based on the company I work for, our accounts were very similar in that our furlough payments were masked as 'Other Income' in the notes.
Granted I'm taking 2+2 and getting whatever number I want, but, when you try to hide things, normal people speculate!
FBS